Glossary Term

USD

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The greenback, the Benjis, the notorious and glorious United States Dollar. USD is the currency abbreviation for the USA’s official currency, the U.S dollar. It is the global reserve currency which means that almost every central bank on the planet holds a substantial amount of United States dollars on reserve. The USD is the most traded currency in the forex market mainly due to its stability. The performance of USD is measured against a basket of other currencies in the U.S. Dollar Index. The currencies are the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona and the Swiss franc.

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